Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________to____________ Commission file number 001-33812 _____________________ ...

Financial Data and Key Metrics Changes - MSCI achieved 10% organic revenue growth, 14% adjusted EBITDA growth, and 21% free cash flow growth in Q2 2024 [8][15] - Adjusted earnings per share grew by 12%, with asset-based fee revenue growth of 18% driven by record AUM balances in ETFs and non-listed products linked to MSCI indices [14][15] - The company reported a retention rate of almost 95% across MSCI [15] Business Line Data and Key Metrics Changes - In the Index segment, MSCI achieved 9% subscription run rate growth, with 10% growth in EMEA and APAC, and 17% growth in custom indexes and special packages [10][39] - The Analytics segment saw organic subscription run rate growth of 7% and revenue growth of 11% [13] - The ESG and Climate segment reported organic run rate growth of 13%, excluding FX impacts [13][18] Market Data and Key Metrics Changes - MSCI captured over $28 billion in ETF inflows during Q2, marking the highest cash flows in over two years [10] - Open interest in derivatives linked to MSCI indexes reached nearly $300 billion, up 9% year-over-year [11] - Fixed income ETFs AUM linked to MSCI and Bloomberg partnership indexes is now at $64 billion, with year-to-date inflows exceeding $6 billion [13] Company Strategy and Development Direction - MSCI aims to become a leader in private market indices, launching MSCI Private Capital Indexes to support investors seeking standardized benchmarks [7][16] - The company is focused on aligning its long-term strategy with secular trends, including the rising demand for high-quality data-driven models and insights [16] - MSCI is leveraging partnerships, such as with Moody's, to expand its ESG and sustainability content and enhance its private company ESG coverage [16][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong client engagement and the potential for growth despite near-term headwinds and longer sales cycles [28][25] - The company anticipates continued lumpiness in sales and cancels, particularly in Q3, which is typically a seasonally softer quarter [28][30] - Management highlighted the importance of capital allocation and the ongoing focus on creating shareholder value through share repurchases [15][25] Other Important Information - MSCI's cash balance remains over $450 million, with more than $200 million readily available in the U.S. [24] - The company has repurchased $290 million worth of shares at an average price of $484 per share, representing almost 40% of total outstanding shares [15] Q&A Session Summary Question: Sales growth in the quarter - Management noted that strong sales growth was driven by client engagement and momentum in equity markets, although longer sales cycles and elevated cancels are expected to persist [28][30] Question: Moody's partnership details - The partnership with Moody's is expected to enhance MSCI's ESG offerings and provide access to a significant private company database, benefiting both parties [35][36] Question: Cyclical versus secular challenges in asset management - Management acknowledged ongoing budget pressures but emphasized the potential for double-digit growth if market conditions improve [34] Question: Technical challenges in private indexes - MSCI is confident in its ability to tackle technical challenges related to data access and index construction methodologies, leveraging its extensive experience [44][50] Question: AI's role in driving revenues - AI is being integrated across various business segments to enhance efficiency and drive revenue growth, particularly in data management and analytics [75][76]

Non-recurring revenues of $23.2 million fell 15% year over year and contributed 3.3% to revenues. At the end of the reported quarter, average assets under management (AUM) were $1.631 trillion in ETFs linked to MSCI indexes. The total retention rate was 94.8% in the quarter under review. Top-Line Details In the second quarter, Index revenues of $397.2 million surpassed the Zacks Consensus Estimate by 7.21% and increased 9.6% year over year. Recurring subscriptions and asset-based fees increased 8.1% and 18. ...

This quarterly report represents an earnings surprise of 2.25%. A quarter ago, it was expected that this maker of software tools to help portfolio managers make investment decisions would post earnings of $3.44 per share when it actually produced earnings of $3.52, delivering a surprise of 2.33%. MSCI shares have lost about 10.5% since the beginning of the year versus the S&P 500's gain of 16.7%. There are no easy answers to this key question, but one reliable measure that can help investors address this is ...

New York – July 23, 2024 – MSCI Inc. ("MSCI" or the "Company") (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended June 30, 2024 ("second quarter 2024") and six months ended June 30, 2024 ("six months 2024"). Three Months Ended Six Months Ended "As we capture and commercialize the next evolution of global investing, MSCI is expanding our footprint among large and rapidly growing ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks? Additionally, each selection ...

The latest move bodes well with MSCI's focus on enhancing ESG transparency and expanding private company ESG coverage through leveraging Moody's Orbis database and credit scoring models. In first-quarter 2024, MSCI achieved 10% organic revenue growth, driven by strong performance across various segments, including Analytics, ESG and Index Investments. The company witnessed growth in its ESG and Climate solutions, with organic run rate growth of 13%. MSCI (MSCI) recently announced a partnership with Moody's ...

- First, people have such a wide variety of ways that they like to define and screen for them, and What Makes A Compounder? Why Is MSCI A Compounder? At a base level, in case you're new to MSCI, the company provides data and index products to mostly institutional investors. TradingView 'Compounder' stocks are an interesting breed for a couple of reasons. Many have a view that finding a compounder is a game of 'inputs' - in that, a business that is in the right market, with the right management, and with a h ...

A month has gone by since the last earnings report for MSCI (MSCI) . Shares have added about 8.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MSCI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. MSCI Q1 Earnings Beat, Recurring Subscriptions Rise Y/Y MSCI's f ...

MSCI (MSCI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of software tools to help portfolio managers make investment decisions have returned -15%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Business - Software Services industry, which MSCI falls in, has lost 3.7%. The key question now is: Wh ...